Help me legal Dopers...

Factual Questions
1

I’ve been named a trustee in a charitable remainder trust and a beneficiary in an irrevocable life insurance trust by my aunt. Since She died, I’m now part owner of the trust (along with 10 others) and the money manager has skipped out for 10 days (and could be forever, 10 days is a lot of lead time to skip town with a few mil in pilfered cash) He said he didn’t know how much each share was weighted for (percentage wise) and also how much the total policy was worth (the premium was 25k a month, not a year). He should know this much right? Or am I just paranoid?

Should I be lawyering up, or packing the rifles in the hard cases for a hunting trip?

Help. I think I just got took:smack:

2

Does he work alone or is he part of a firm? If he works alone, get a lawyer who’s knowledgable about the issues involved, and you’re probably going to want to go to the police. If he has partners, go to them and demand an immediate accounting (and you will probably want a lawyer in this circumstance too).

3

I agree…as soon as you can.

4

Even if he’s in a firm, retaining your own counsel who is solely concerned with your interests is highly advisable. The manager’s partners will, legally, have to keep their own fiduciary interests paramount in dealing with this situation. You need someone who is 100% on your side.